Russian Firm Offers to Invest in Facebook

By

Jessica E. Vascellaro

Updated May 23, 2009 11:59 p.m. ET

Digital Sky Technologies, a Russian Internet-investment group, has offered to invest $200 million in Facebook Inc. at a $10 billion valuation for the company's preferred stock, according to people familiar with the matter.

It is unclear whether Facebook has responded to or decided to accept the offer, which comes as the social-networking company has been talking to a range of venture-capital and private-equity firms about raising more...